Hugh Yoon J. 4
4 · MATTEL INC /DE/ · Filed May 11, 2026
Research Summary
AI-generated summary of this filing
Mattel (MAT) SVP Hugh Yoon Receives RSU Award; 1,585 Shares Withheld
What Happened
Hugh Yoon, SVP & Corporate Controller of Mattel (MAT), had 4,417 restricted stock units (RSUs) vest on May 7, 2026, resulting in the issuance/conversion of 4,417 shares. Per the grant terms, 1,585 of those shares were automatically withheld to cover required tax withholding at $15.00 per share (total withheld = $23,775). The RSUs were part of a May 7, 2025 grant of 13,387 RSUs that vest 33%/33%/34% over three years; the 4,417 shares represent the first 33% tranche.
Key Details
- Transaction date: May 7, 2026; Form 4 filed May 11, 2026 (filed within the standard two-business-day window).
- Vesting/Conversion: 4,417 RSUs converted to 4,417 shares (derivative code M).
- Tax withholding: 1,585 shares withheld (code F) at $15.00/share = $23,775.
- Net shares delivered to Yoon: 4,417 − 1,585 = 2,832 shares (filing does not state post-transaction total beneficial ownership).
- Footnotes: The shares derive from the May 7, 2025 RSU grant (13,387 units; 33% vested on first anniversary). Withholding was automatic per grant terms.
Context
This was a routine RSU vesting and not an open-market buy or voluntary sale. The filing shows conversion of RSUs into shares with automatic share withholding to satisfy tax obligations (common practice). No 10b5-1 plan, gift, or sale was reported; the transaction reflects compensation vesting rather than an indicator of buy/sell sentiment.
Insider Transaction Report
- Exercise/Conversion
Common Stock
[F1]2026-05-07+4,417→ 40,282 total - Tax Payment
Common Stock
[F2]2026-05-07$15.00/sh−1,585$23,775→ 38,697 total - Exercise/Conversion
Restricted Stock Units
[F1]2026-05-07−4,417→ 8,970 total→ Common Stock (4,417 underlying)
Footnotes (2)
- [F1]As reported on a Form 4 dated May 7, 2025 and filed on May 9, 2025, the Reporting Person received a grant of 13,387 Restricted Stock Units ("RSUs" or "Units") on May 7, 2025. The RSUs vest as to (a) 33% of the Units granted on the first anniversary of the date of grant, (b) an additional 33% of the Units granted on the second anniversary of the date of grant, and (c) the remaining 34% of the Units granted on the third anniversary of the date of grant. On each vesting date, for each Unit vesting on such date, the Reporting Person will receive one share of Mattel, Inc. Common Stock, subject to tax withholding. On May 7, 2026, the first 33% of these RSUs vested, resulting in the issuance of 4,417 shares of Mattel, Inc. Common Stock.
- [F2]Pursuant to the terms of the May 7, 2025 RSU grant, 1,585 shares of Mattel, Inc. Common Stock were automatically withheld at vesting to cover required tax withholding.